| Cash Flow for Williams Controls Inc. (WMCO) | | | | | | | Cash Flow | in Thousands of Dollars | | | 09/2007 | 09/2006 | 09/2005 | 09/2004 | 09/2003 | | | Net Income | 7,937 | 9,549 | 7,495 | (4,058) | 936 | | Depreciation & Amortization | 2,005 | 1,579 | 1,013 | 1,313 | 1,734 | | Deferred Income Taxes | 638 | 2,157 | 3,984 | (9,467) | - | | Operating Losses | (1,059) | (749) | (309) | 19,784 | 369 | | Extraordinary Losses | - | - | - | - | - | | | Decrease in Receivables | 889 | (1,124) | (858) | (1,382) | 194 | | Decrease in Inventories | 766 | (5,485) | (656) | 66 | (66) | | Decrease in Other Current Assets | - | - | - | - | - | | Increase in Payables | (2,260) | 2,162 | 1,774 | 572 | (601) | | Increase in Other Current Liabilities | - | - | (445) | (1,268) | 448 | | Decrease in Other Working Capital | (1,034) | (709) | - | - | - | | Other Non-Cash Items | 537 | 452 | - | - | - | | Net Cash from Continuing Operations | 8,419 | 7,832 | 11,998 | 5,560 | 3,014 | | Net Cash from Discontinued Operations | - | - | - | - | - | | Cash from Operating Activities | 8,419 | 7,832 | 11,998 | 5,560 | 3,014 | | | | Sale of Property, Plant, Equipment | 182 | - | - | 6,010 | 12 | | Sale of Short Term Investments | - | - | - | - | - | | | Purchase of Property, Plant, Equipment | (2,230) | (2,281) | (2,980) | (1,046) | (1,285) | | Acquisitions | - | - | - | - | - | | Purchase of Short Term Investments | - | - | - | - | - | | Other Investment Changes, Net | - | - | - | 13 | 14 | | Cash from Investing Activities | (2,048) | (2,281) | (2,980) | 4,977 | (1,259) | | | Issuance of Debt | - | - | - | 20,011 | - | | Issuance of Capital Stock | 260 | 216 | 17 | 2,254 | 355 | | | Repayment of Debt | (7,540) | (5,089) | (6,465) | (4,977) | (2,646) | | Repurchase of Capital Stock | - | (3,200) | - | (23,463) | (73) | | Payment of Cash Dividends | - | - | - | (1,413) | - | | Other Financing Charges, Net | - | - | - | (568) | (119) | | Cash from Financing Activities | (7,280) | (8,073) | (6,448) | (8,156) | (2,483) | | | | Effect of Exchange Rate Changes | - | - | - | - | - | | Net Change in Cash | (909) | (2,522) | 2,570 | 2,381 | (728) | | | Cash at Beginning of Year | 2,530 | 5,052 | 2,482 | 101 | 829 | | Cash at End of Period | 1,621 | 2,530 | 5,052 | 2,482 | 101 | | | |
